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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 92nd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 92nd Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Ambedkar 92nd Lane

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Dr. Ambedkar 92nd Lane guideline value

The current guideline value of Dr. Ambedkar 92nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar 92nd Lane has changed

The guideline value of Dr. Ambedkar 92nd Lane has seen several revisions over the years. The earliest recorded revision was in 2007, when the guideline value was Rs 1,500 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, in the following revision in 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of 33%. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a significant increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 120%.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for Dr. Ambedkar 92nd Lane.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Dr. Ambedkar 92nd Lane's value below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 92nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Ambedkar 92nd Lane?

The Sub Registrar Office that covers Dr. Ambedkar 92nd Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 92nd Lane?

The current guideline value of Dr. Ambedkar 92nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 120% over the years.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is higher than the current value of Dr. Ambedkar 92nd Lane.

What are the stamp duty rates applicable in Chennai?

The stamp duty rate in Chennai is generally 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Velacheri Sub Registrar Office at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, or use the provided link to find your SRO.